Fix high-deductible health insurance. But it won’t be easy.

May I whine for a few sentences, please? My staff and I have a high-deductible medical insurance plan. As the costs of coverage increased each year, we had to find a product that we could afford for our small private practice. As any small business owner knows, margins are tight, revenue is declining and expenses inexorably rise. And physicians, unlike other retailers, cannot raise our fees. Would you want to invest in a company with this business model? If so, then contact me directly. High-deductibles health plans are painful for consumers. The first several thousand dollars are borne by the individual. While we have an HSA (health savings account), which confers a tax advantage, it is still painful to fork over wads of one’s wages to cover medical expenses. Isn’t that what medical insurance is supposed to do? Would we expect fire insurance to cover only part of our house if it burned down? Will fire insurance cover a fire? Continue reading ... Your patients are rating you online: How to respond. Manage your online reputation: A social media guide. Find out how.
Source: Kevin, M.D. - Medical Weblog - Category: Journals (General) Authors: Tags: Physician Health reform Source Type: blogs